News
Regulatory risk hits US emissions markets
Worrying regulatory indecision in the US SO2 and NOx markets has angered traders and does not bode well for the implementation of a federal cap and trade scheme, finds Roderick Bruce
Renewed scrutiny for WTI benchmark
The effectiveness of the WTI price benchmark in reflecting the value of global crude oil has once again been brought into question, finds Pauline McCallion
AAUs: hot commodity or just hot air?
A recent flurry of deals for government-level carbon credits has increased interest in the potential for the AAU market. Roderick Bruce investigates
UK needs more transparency around shorting, FSA says
The UK Financial Services Authority today ruled out any permanent restrictions on short-selling stocks today, but said that it planned to force public disclosure of all short positions.
"$78 billion Tarp windfall" for banks
The US Treasury paid banks $78 billion too much for bank stock and warrants under the Troubled Asset Relief Programme (Tarp), according to the programme's head of oversight.
CDSs tighten on US banks and energy companies
The cost of credit protection on US banks and energy firms plummeted in intraday trading, while confidence in the Japanese electronics sector continued to decline.
US Wrap: Reverse convertible issuance predicts market rally
A busy day in the US market yesterday saw 23 new launches, with the majority banking on a recovery in equity markets. JP Morgan issued six reverse convertibles linked to the stock performance of a variety of industrials, including US Steel Corp and…
Canadian ABCP restructuring finally complete
After 17 months of delays, the saga surrounding the restructuring of C$32 billion ($26.1 billion) of distressed Canadian non-bank asset-backed commercial paper (ABCP) has finally drawn to a close.